Backing the infrastructure layer of AI before institutional capital arrives.

A $10M fund expanding Aurelian’s New York venture studio to back globally based, U.S.-domiciled fintech and deeptech infrastructure startups. The methodology was built in the field, not on paper.

Vehicle
Fund I
Target size
$10M
Stage
Pre-seed & seed
Base
New York
$500M+
deal funding experience
5
companies incubated
3.3×
markup on first company
10 mo
to that markup

The Thesis

The substrate of AI is being rebuilt in a single decade-long window.

The foundational infrastructure layers of AI — compute, settlement, data operations, energy — are positioned for sector-wide adoption with enormous addressable markets. Aurelian has spent years building inside this transition; the fund takes early positions in infrastructure-layer companies before the cascade is visible to institutional capital.

Active pipeline

Near-term deployment

Live opportunities are on the table now — participation is open only to the fund’s first close.

The General Partners

Two operators who have built, shipped, and backed at the infrastructure layer.

Nathaniel Norman

Nathaniel Norman

Co-founder & GP — Leads Fintech

Founded and led companies across fintech and deeptech AI infrastructure, with a network spanning traditional finance, institutional capital markets, and blockchain. Has been on both sides of the table — building, shipping, and backing. Brings the capital-markets depth and operator instincts to know which infrastructure-layer bets are real before the market does.

[email protected]
Ishita Wadhwa

Ishita Wadhwa

Co-founder & GP — Leads Deeptech

Built at the intersection of emerging technology and company creation, with deep roots in technical communities — developers, engineers, and startup teams. Has taken companies from zero to fundable, and from fundable to growing. Brings the technical lens that turns engineering conviction into business outcomes, and the network that surfaces founders before they are visible to institutional capital.

[email protected]

The Studio

LPs invest alongside a team that has already been doing this — not a first-time manager assembling a thesis from the outside.

Aurelian Ventures is a New York–based venture studio: a specialized team of capital-markets and engineering professionals who invest in, incubate, and scale pre-seed and seed-stage technology companies. The studio takes capable teams with exceptional tech from MVP to live product — with operating teams and early traction.

Until now, the studio has deployed its own time and capital. Fund I formalizes that work into an investment vehicle, opening the model to outside partners for the first time.

  • Model
    Invest · incubate · scale
  • Stage
    Pre-seed & seed
  • Build
    MVP → live product, early traction
  • Team
    Capital markets + engineering

Live Proof

3.3×

Markup on our first portfolio company in 10 months — a $30M to $100M valuation, while still pre-institutional.

$30M → $100M
valuation step
10 months
elapsed
Pre-institutional
at markup

The Portfolio

Five companies incubated to date.

Fintech and deeptech AI, at pre-seed and seed — sourced from in-house incubation and external dealflow.

Fund Terms

$10M, deployed with discipline.

Direct investments into the pre-seed and seed rounds of U.S. technology companies, in exchange for equity or SAFE notes. Every position is sourced and evaluated through Aurelian’s substrate-analysis methodology — targeting the infrastructure layers positioned for sector-wide adoption.

Fund size
$10M target
Strategy
Direct pre-seed & seed — equity or SAFE
Initial check
$250K – $750K
Deployment
12-month window
Reserves
Follow-on into strongest performers
Management fee
2% on committed capital
Carried interest
20% on all fund returns
Target return
6 – 10× net
Target net IRR
20 – 25%
Fund life
7 – 10 years
Liquidity
Secondary after 36-month minimum hold
Eligibility
Accredited investors

Early liquidity: LP interests may be transferred via secondary sale after a minimum 36-month hold. Aurelian facilitates secondary transfers through a tokenized platform connecting accredited buyers to early-stage fund and SAFE positions — subject to the LPA’s transfer provisions and a willing counterparty. The fund facilitates liquidity; it does not guarantee it.

Speak with the GPs

Reach Nathaniel and Ishita directly.

Target returns are forward-looking estimates, not guarantees. Past performance, including portfolio markups, is not indicative of future results. This page is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security. Any offering is made only to accredited investors pursuant to definitive fund documents.